dictionary.com says:
role-play (rlpl)
v. role-·played, role-·play·ing, role-·plays
v. tr.
To assume or represent in a drama; act out: “Participants are encouraged to pass on leads about jobs... and to role-play interview situations with each other” (Hatfield MA Valley Advocate).
v. intr.
To assume or act out a particular role: “When I hire people I role-play with them... to see how they take pressure” (Peter Schrag).
n.
Role-playing.
role-play·ing (rlplng)
n.
Psychology. A therapeutic technique, designed to reduce conflict in social situations, in which participants act out particular behavioral roles in order to expand their awareness of differing points of view.
An instance or situation in which one deliberately acts out or assumes a particular character or role.
roleplaying
n : acting a particular role (as in psychotherapy)